Contact Information: Contact: Mary Beth Steiginga 630 Godwin Avenue Midland Park, NJ 07432 201-444-7100
Stewardship Financial Corporation Declares Cash Dividend
| Source: Stewardship Financial Corporation
MIDLAND PARK, NJ--(Marketwire - March 19, 2008) - The Board of Directors of Stewardship
Financial Corporation (NASDAQ : SSFN ), parent company of Atlantic
Stewardship Bank, has declared a $0.09 per share cash dividend to
shareholders of record date April 15, 2008, payable May 1, 2008.
In announcing the dividend, Chairman William C. Hanse and President and
Chief Executive Officer Paul Van Ostenbridge stated, "The Corporation
continues to perform well given the current interest rate environment and
as a result, we are pleased to recognize shareholders with this cash
dividend. This dividend represents the forty-second consecutive quarterly
dividend paid by the Stewardship Financial Corporation."
This dividend is in the same amount per share as the cash dividend paid in
the second quarter of 2007, but represents a 5 percent increase over the
second quarter cash dividend paid in 2007, as adjusted for the 5 percent
stock dividend paid in November 2007.
Stewardship Financial Corporation's subsidiary, Atlantic Stewardship Bank,
has banking offices in Midland Park, Hawthorne (2 offices), Ridgewood,
Montville, Pequannock, Waldwick, Wayne (3 offices), Westwood and Wyckoff,
New Jersey. The Bank recently opened its thirteenth branch in North
Haledon, New Jersey with the grand opening celebration scheduled for
Saturday, April 12, 2008. Atlantic Stewardship Bank opened in 1985, is a
community bank serving individuals and businesses, and is well known for
tithing 10 percent of its pre-tax profits to Christian and local charitable
organizations. Please visit our website at www.asbnow.com or call
201-444-7100 for information regarding our products and services.